Vasco Ventures, led by Ephraim Vashovsky, is looking to purchase the HNA Center in Palisades. Owned by Chinese firm HNA Group, this purchase is expected to come with a whopping $38-50 million price tag. The Center is home to many gorgeous facilities on a 100-acre-plus property.
Recently, Vashovsky’s company purchased the Hudson Valley Resort, located in Kerhonkson. This property, also owned by HNA Group, was bought for $4.4 million. Vashovsky is excited to renovate the hotel and return it to a stunning tourist destination.
HNA Group previously bought the HNA Center for close to $60 million, while the Hudson Valley Resort was purchased at $14 million.
Vasco Ventures is a New York-based company that specializes in commercial and residential real estate investing. Vashovsky is passionate about the work he does, particularly when it comes to remodeling and renovating old, run-down properties.
Vasco Ventures owns properties through New York state, as well as Pennsylvania and Indiana.